Ancora Advisors LLC Makes New Investment in Ryerson Holding $RYZ

Key Points

• Ancora Advisors LLC acquired 151,992 Ryerson shares worth approximately $3.74 million, giving it a 0.29% stake. Institutional investors collectively own 94.81% of the company.
• Analyst sentiment remains cautious: Ryerson has a consensus rating of “Reduce”, despite Zacks upgrading the stock to “Hold” and Wall Street Zen upgrading it to “Buy.”
• Ryerson reported quarterly EPS of $0.52, exceeding estimates of $0.40, and declared a quarterly dividend of $0.1875 per share, representing a 3.0% annualized yield.

Ancora Advisors LLC acquired a new position in Ryerson Holding (NYSE:RYZ - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 151,992 shares of the company's stock, valued at approximately $3,741,000. Ancora Advisors LLC owned 0.29% of Ryerson as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new position in Ryerson during the second quarter valued at approximately $66,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Ryerson in the second quarter worth $130,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Ryerson during the 2nd quarter valued at $148,000. State of Wyoming bought a new stake in shares of Ryerson during the 2nd quarter valued at $185,000. Finally, NFJ Investment Group LLC purchased a new position in shares of Ryerson during the 2nd quarter valued at $219,000. 94.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on RYZ shares. Zacks Research upgraded Ryerson from a "strong sell" rating to a "hold" rating in a research note on Monday, August 24th. Weiss Ratings reissued a "sell (d+)" rating on shares of Ryerson in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded Ryerson from a "hold" rating to a "buy" rating in a research note on Saturday, August 1st. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Reduce".

Insider Transactions at Ryerson

In related news, CAO Molly D. Kannan sold 1,000 shares of the firm's stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the sale, the chief accounting officer directly owned 24,636 shares in the company, valued at $739,080. This trade represents a 3.90% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.58% of the stock is currently owned by corporate insiders.

Ryerson Stock Performance

RYZ stock opened at $25.19 on Wednesday. The firm has a fifty day simple moving average of $27.14. Ryerson Holding has a fifty-two week low of $19.34 and a fifty-two week high of $32.00. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of -20.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.04 and a current ratio of 2.21.

Ryerson (NYSE:RYZ - Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.52 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.12. The company had revenue of $2.01 billion for the quarter. Ryerson had a negative net margin of 0.56% and a negative return on equity of 0.62%. Ryerson has set its Q3 2026 guidance at 0.370-0.400 EPS. On average, equities analysts predict that Ryerson Holding will post 1.1 EPS for the current year.

Ryerson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 17th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 3.0%. The ex-dividend date is Thursday, September 3rd. Ryerson's dividend payout ratio is presently -60.48%.

About Ryerson

Ryerson NYSE: RYZ is a U.S.-based metals distributor and processor that supplies a broad range of metal products and value-added services to industrial customers. Its product mix typically includes carbon steel, stainless steel, aluminum and specialty alloys in forms such as sheets, plate, bar, tubing and structural shapes. The company focuses on meeting the material needs of manufacturers, fabricators and other industrial end markets.

Beyond distribution, Ryerson offers processing and finishing services designed to prepare metal for downstream manufacturing.

Want to see what other hedge funds are holding RYZ? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ryerson Holding (NYSE:RYZ - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source